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प्रश्न
Which type of market structure is the following? Give reason.
Lipstick
उत्तर
The market structure for lipstick is monopolistic competition.
Reason:
Many suppliers in the lipstick market provide similar items that differ in terms of brand, colour variety, quality, packaging, and price. Maybelline, L'Oréal, MAC, and Revlon compete by differentiating their products through marketing, packaging, and distinct characteristics. This variety and competition among multiple enterprises with varied products are hallmarks of monopolistic competition.
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संबंधित प्रश्न
Explain three features of Perfect competitive market.
'A few big sellers' is a characteristic of ______.
The seller in a monopoly market is a price maker.
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Why is there no need for selling cost under perfect competition?
Identify the market form for the item given below:
A single buyer
With the help of an example explain the meaning of price discrimination.
What do you mean by homogeneous products?
What is the effect on price when a perfectly competitive firm tries to sell more?
Identify the market form from the following.
Firm is a price maker.
